Sayonara Crown Las Vegas Tower

The Sydney Morning Herald is reporting that Crown Las Vegas has been cancelled and the property, formerly the Wet N Wild waterpark is now on the market.

On the Las Vegas deal, James Packer and his US partner in the project, Chris Milam, had already made around $A100 million in payments to Archon Corp which owns the site on the Vegas "Strip.'' Real estate agent, CBRE confirmed today the site was up for sale. Some $US63 million has been reported to be non-refundable and some $US30 million was not going to the purchase price, according to Crikey's Glenn Dyer, who had been following the story.